Hi guys!
GBP is about to reverse and probably continue to advance higher, I'd highly recommend to wait until the close above the October's high and go long.
The pair might also drop before the further uptrend, though this is less likely and the reason is the huge lower wick, which signals the power of buyers.
I'd recommend going long above 1.30140, or from the current level to 1.30094 which might be riskier.
GBP is about to reverse and probably continue to advance higher, I'd highly recommend to wait until the close above the October's high and go long.
The pair might also drop before the further uptrend, though this is less likely and the reason is the huge lower wick, which signals the power of buyers.
I'd recommend going long above 1.30140, or from the current level to 1.30094 which might be riskier.
Note
right shoulder is about to completeNote
Right shoulder completedTrade closed: target reached
Trade closed: target reached
TP2
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.